Topic: when you say whales, who - page 2. (Read 462 times)
Whales are the big players in the cryptocurrency network that has the power to manipulate the price of bitcoin and other crypto coin in the market to they own advantage, their are the biggest investors and have great influence on the entire cryptocurrency market. The buy during deep and sale when the price rise and cash out the huge profits.
When you say whales, who exactly are these whales? any names?
Under the abbreviation "Whales" hiding ordinary people, but having on their accounts a huge amount of money can move the market in any direction.
Of course no one knows their names and where they live, as it violates their safety. What's that for? It is enough to see many of these wallets that store many tokens on their accounts and are able to change this price. Often, the owner of several wallets is one person or Fund to share the risk of losses.
naming them is pointless. but knowing values that move through exchanges is the important part.
after all if a big name was to be named they would never admit the exact minute they would buy/sell as that would hurt their own profitability.
but just think about how much needs to be invested to be a whale
to have 1% of the circulation as a elit group and in that group be someone that has atleast 1% of that
you need atleast 2100btc
so think about how much you have invested and you will be roughly in that ball park
$100 algae
$1000 tadpole
$10,000 goldfish
$100,000 salmon
$1m shark
$10m whale
after all if a big name was to be named they would never admit the exact minute they would buy/sell as that would hurt their own profitability.
but just think about how much needs to be invested to be a whale
to have 1% of the circulation as a elit group and in that group be someone that has atleast 1% of that
you need atleast 2100btc
so think about how much you have invested and you will be roughly in that ball park
$100 algae
$1000 tadpole
$10,000 goldfish
$100,000 salmon
$1m shark
$10m whale
We really can't know for sure who the wallet owners are just by looking at the addresses. The only people that are likely to know who these address owners are people who run exchanges used by these "whales". Likely, Bitfinex or Binance. But of course, they really can't expose who these people are due to privacy reasons.
Whales are individual investors who has huge amount of investing power and these people are very visible in many markets and specially in bitcoin and with a huge capital they have the ability to change the market at there will and today we see majority of whales do dirty games with bitcoin prices to manipulate the market to there advantage and make more income from there investments and that is why bitcoin prices are moving down and up without any reason
When you say whales, who exactly are these whales? any names?
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